UR–18. Editorial Note
On October 10, 1960, the International Monetary Fund announced that an initial par value for the Uruguayan peso had been established at 7.40 pesos per United States dollar, by agreement between the Fund and the Government of Uruguay. The fund also announced that it had entered into a stand-by agreement enabling the Uruguayan Government to draw the equivalent of United States $30,000,000 over a 12-month period. Documentation concerning IMF activities in Uruguay is contained in decimal file 833.10 and in ARA Files, Lot 62 D 359, “IMF.”